Results for "money market funds"

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As Fed raises interest rates, money funds increase yields, some to more than 1%

March 31, 2017

Thanks to the Federal Reserve's recent interest-rate hikes, some money market funds are doing things they haven't done in a decade: Paying 1% interest. Your clients won't get rich on their money fund holdings, but at least they'll get more than...

BlackRock money market funds refuse to lose value

September 13, 2014

Basically the worst thing that can happen to you in this life is: You put $10,000 into a money market fund, but then later find out that you only have $9,999. I mean, that's not really the worst thing. Really you just lost a dollar. It's not...

Inside the panic at Reserve Management

May 17, 2009

The evening of Sept. 15 was the worst of Bruce Bent II's career. Panicked investors, who woke up that Monday morning to news of New York-based Lehman Brothers Holdings Corp.'s filing for bankruptcy protection, had yanked billions of dollars...

Treasury guarantees Reserve's U.S. Gov't Fund

November 21, 2008

Reserve Management Co. Inc. has announced that its U.S. Government Fund is now covered by Treasury’s temporary guarantee program for money market funds. The firm “will use its best efforts to sell its portfolio securities by Jan. 3, 2009,”...

INsider: Is Vanguard thinking about life after money funds?

July 12, 2012

Management at The Vanguard Group Inc. appears to be taking the possibility of money market reform seriously. The largest mutual fund manager in the world is considering adding banking services, such as FDIC-insured accounts and certificates...

Bank money flows imply inflation fears, says researcher

February 2, 2010

The recent pattern of money flows into bank deposits suggests growing investor concerns that an inflationary period is looming, according to Dan Geller, executive vice president at researcher Market Rates Insight. While the amount of money in...

SEC to require money funds to disclose shadow NAVs

January 31, 2010

Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to a rule that the Securities and Exchange Commission adopted last week. Under the rule,...

The Reserve ordered to pay remaining $3.5B to investors

November 27, 2009

A federal judge on Wednesday ordered The Reserve Primary Fund, which last year roiled the $3 trillion money-market industry by "breaking the buck," to pay out its remaining assets to shareholders waiting to get their money back. The Securities...

Variable annuity money fund subaccounts mark five years of losses

October 18, 2016

Many money market mutual funds are waiving expenses to keep their share prices from falling below $1 — “breaking the buck,” in money fund parlance. But most money fund subaccounts in variable annuities have felt no such compunction, meaning...

Vanguard money funds paying capital gains

September 29, 2013

The Vanguard Group Inc. is paying out short-term capital gains on three of its money market funds, an unprecedented move sparked by the low-interest-rate environment. The company announced short-term capital gains, payable last Tuesday, said...

Firms seek reworking of money fund reform

September 22, 2013

Major financial firms are calling on the Securities and Exchange Commission to narrow its money market fund reform plan, asking it to exclude tax-exempt money funds and revise the definition of “retail investor,” among other changes. In...

Federated not done shopping for money market funds

April 15, 2012

Federated Investors Inc.'s pending acquisition of $5 billion in money market fund assets from Fifth Third Bancorp is seen as the start of a buying spree for the firm. Low interest rates, increased capital requirements for banks and the possibility...

Plaze worries about money fund contagion risk

March 25, 2012

Past events plague Robert E. Plaze, deputy director of the Securities and Exchange Commission's Division of Investment Management, who fears that mistakes made by one money market fund could spread throughout the industry and cause another run...

Fund group warns of $1,000 shares

March 25, 2012

Investors can say goodbye to $1 shares of money market funds and hello to $100 or even $1,000 shares if the Securities and Exchange Commission requires the funds to float their net asset value, Investment Company Institute general counsel Karrie...

Six percent on checking? It's a 'slam-dunk' for yield seekers

June 23, 2011

Consumers may earn as much as 6 percent on certain U.S. checking accounts, a Bankrate.com survey found. The so-called high-yield checking accounts earned an average 2.56 percent compared with 3.3 percent last year, Bankrate.com said today. “It's...

Next run on money market funds could kill industry, SEC official says

October 14, 2009

If money market funds experience another run similar to the one that happened in September 2008, the money fund industry is unlikely to survive in its current form, according to an SEC official who has done extensive work on money fund regulation....

Money market mutual fund assets surge to $3.446T

October 9, 2009

Total money market mutual fund assets rose by $16.72 billion to $3.446 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation's retail money market mutual funds fell by $2.91 billion in the latest week to...

Money fund assets rose to $3.483T last week

September 25, 2009

Total money market mutual fund assets rose $198 million to $3.483 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation's retail money market mutual funds fell $12.88 billion in the latest week to $1.138...

Mass. regulator fighting clawbacks from investors who bailed on The Reserve Primary Fund

September 22, 2009

Massachusetts Secretary of the Commonwealth William Galvin's Division of Securities sent a letter yesterday to Judge Paul Gardephe of the U.S. District Court for the Southern District of New York to oppose any proposals to “claw back” money...

Money market fund guarantee program to end

September 10, 2009

The Obama administration said today that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week. The program, which will be closed down on Sept. 18, had no direct cost to taxpayers...

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